TCPSL's flagship white label ATM was first launched in Chandrapada village, Thane District, Maharashtra on the 27th of June 2013.

Stating that Karnataka as region plays a vital role in the company's rollout plans of 15,000 Indicash ATMs across India, over the next three years, he said "TCPSL plans to deploy at least 1,000 Indicash ATMs in the state."

Along with regular cash and non-cash services such as cash withdrawals, balance enquiries, mini-statements and PIN changes, Indicash plans to offer value-added and utility services to customers with offers and third party promotions in the second phase of its roll-out.

"As per RBI regulations for use of 'other bank ATMs', Indicash will accept all domestic debit cards with the first five transactions per month being free," Sanjeev said.

With over 15 Indicash ATMs launched in the Bangalore city, TCPSL will be rolling out 150 Indicash ATMs in the Karnataka region in the first phase- to be complete by the end of September 2013.